Chartis Research Ranks LexisNexis Risk Solutions as Category Leader in Four Payment Risk Categories

Chartis Research has recognised LexisNexis® Risk Solutions as Category Leader in the Payment Risk Solutions 2023: Market and Vendor Landscape Report across four categories in the payment risk solutions space.

The four categories are: Overall Scoring, Card Payments, Alternative Payments and Account-to-Account Payments.

Category Leaders “combine depth and breadth of functionality, technology and content with the required organisational characteristics to capture significant share in their market,” according to the report.

“The LexisNexis Risk Solutions portfolio harnesses the capabilities necessary to confront the growing issue of risk exposure in current payment processes,” said Nick Vitchev, research director, financial crime and fraud markets, Chartis Research. “The seamless integration of products with existing verification systems and real time capabilities positions it as a Category Leader for global Payment Risk Solutions.”

The report uses Chartis RiskTech Quadrant®, a comprehensive methodology of in-depth independent research and a clear scoring system, to explain which technology solutions meet an organisation’s needs.

A customer-centric experience and flexible and adaptive support across the customer journey is at the core of the company’s payments risk products. LexisNexis Risk Solutions addresses payments risk across multiple areas including financial crime prevention (including anti-money laundering and sanctions compliance), fraud prevention, pre-payment verification and post-payment analytics.

“It is an honour for LexisNexis Risk Solutions to receive leadership recognition from Chartis for our work in the payments risk space. We strive to provide our clients with the tools to deliver an optimal consumer experience and this ranking is evidence of our ability to innovate and deliver,” said Steve Elliot, Managing Director, LexisNexis Risk Solutions UK & Ireland. “This further validates our ability to support an extensive range of organisations in the area of payments risk through our broad array of risk insight and screening products.”